Equinox Gold (CVE:EQX) Given a C$11.00 Price Target at BMO Capital Markets

Equinox Gold (CVE:EQXGet Free Report) has been assigned a C$11.00 target price by stock analysts at BMO Capital Markets in a research note issued on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ price target points to a potential upside of 39.59% from the company’s current price.

A number of other brokerages have also recently commented on EQX. National Bankshares raised their price objective on shares of Equinox Gold from C$13.00 to C$14.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 19th. CIBC increased their target price on Equinox Gold from C$9.50 to C$10.00 and gave the company a “neutral” rating in a research report on Monday, April 7th. Finally, Royal Bank Of Canada increased their target price on Equinox Gold from C$11.00 to C$12.00 in a research report on Wednesday, June 4th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of C$11.28.

Get Our Latest Research Report on EQX

Equinox Gold Price Performance

Shares of CVE EQX opened at C$7.88 on Wednesday. The stock has a market capitalization of C$892.46 million and a price-to-earnings ratio of -43.54. Equinox Gold has a 12 month low of C$4.25 and a 12 month high of C$8.90. The firm’s 50 day simple moving average is C$7.88 and its 200-day simple moving average is C$7.88. The company has a debt-to-equity ratio of 64.28, a current ratio of 1.94 and a quick ratio of 1.11.

Insider Activity

In other Equinox Gold news, Director Maryse Belanger sold 17,148 shares of Equinox Gold stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of C$8.34, for a total transaction of C$143,014.32.

Equinox Gold Company Profile

(Get Free Report)

Equinox Gold Corp. engages in the acquisition, exploration, and development of mineral deposits. The company's principal properties include the Aurizona project covering a total land package of approximately 223,160 hectares located in Maranhão State, Brazil; and the Castle Mountain property situated in California, the United States.

Featured Stories

Analyst Recommendations for Equinox Gold (CVE:EQX)

Receive News & Ratings for Equinox Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equinox Gold and related companies with MarketBeat.com's FREE daily email newsletter.